Bitcoin is poised to regain market capitalization dominance. This usually means that (the majority of) altcoins will initially start losing in their sats value. It is now a well-known phenomenon that venture capital will first pour into Bitcoin. Once people start skimming their profits, it often flows to the other top 10 coins, then the midcap coins and finally...
INDEX:BTCUSD We saw for the first time that BTC closed below 200 Weekly MA. Also we saw for first time BTC closing below Monthly 50MA. This is not a good sign. I've updated my analysis and forecast for the bitcoin's absolute bottom. Currently BTC does not have significant support until the $10,017-$11,680 range except the $16.4k-$17k area. So stay safe...
Hello dear TradingView followers and community! Today, the Bitcoin price is making a notable attempt to breach the support level of the Head & Shoulders pattern. Based on the height of the head, it is anticipated to potentially land in the range of 24,000 to 25,000, marking a decline of approximately -11.5%. Nevertheless, it's crucial to bear in mind that the...
Greetings, fellow traders and esteemed members of the TradingView community! Today, let us delve into the 4-hour timeframe of BTCUSDT and explore the potential price direction for the upcoming days. From a meticulous technical analysis standpoint, we observe the price undergoing a breakout from a triangular pattern. This development may potentially trigger a...
Hello dear TradingView community, it's Vestinda back again with an insightful analysis of Bitcoin's price movement. Today, we will delve into the current market conditions and identify key signals that may lead to an upcoming volatility spike. As always, our analysis aims to provide you with a positive and professional perspective on Bitcoin's price...
For those who still believe as I do, that we'll see new highs in the crypto markets sooner than later... Here's my purely speculative chart showing the 'Path to $100k Bitcoin' in 2023. It would be the perfect storm of economic forces coming together, and creating an unstoppable move higher. This scenario would be fueled by the following 3 things: 1....
Here's my thesis.. Summer ends.. Diminishing Cycles.. Aka Diminishing bear markets..to the tune of 63.5% less.. based off previous bear phases which occurred directly after a 3D death cross.. 165 days of chop makes sense.. with a potential sweep of the lows once again.. and sprinkle in a 40% probability of a wick down to 12-14k .. Until then.. I think we...
Hello everyone base on my study and analysis bitcoin may fall below $30k
Interesting but looks like maybe Bitcoin finds a bottom somewhere around $18,000 at the end of this year. Will have to stand by and see what happens. I think we do a dead cat bounce from this area.
From the start, I thought 27k was unlikely to be a real bottom. And with real bottom I mean the bottom that would kickstart a new uptrend that would take Bitcoin back to 30k. So knowing that Bitcoin takes roughly 65 days to complete a daily cycle, the bottom of April 23 was not the real bottom. However, I believe that the next one is near. I expect it will happen...
Zoomed in, you can see price is butting right up against that broken long term trendline, while the weekly oscillator is reaching the overbought zone. Price has also yet to reach the bottom of the curved channel (pink) The BLX chart is also mostly dominated by sell volume. Another odd thing to note is the enormous spike in volume on stablecoin traded pairs...
BINANCE:BTCUSDT This is my market mood indicator. Accurate determine the bottoms and top of cycles. Based on this analysis on BLX chart and Monthly timeframe we can find something interesting - Marked Monthly green zones. - We never seen white color disbeliefe zones. - Previews 3 times when we saw BLUE color it was a bottom (I was impressed how accurate it...
At the moment, Bitcoin is testing a critical liquidity level that serves as support. Below the support level, there's a liquidity gap, which means that if the support doesn't hold, the price can drop quickly to lower liquidity levels. It's difficult to predict whether the support will hold or not, as we'll have to watch it unfold. Personally, I would like to see...
Caught an interesting repetitive patterns on Bitcoin, and I thought I'd share with you guys :) *Bitcoin long to 114K Zone? OR *Bitcoin Short to 23K Zone? and then Up to 70K Zone, 100K Zone, 400K and beyond
Crypto moves in cycles. For example: Bitcoin happens to find a top each 4 years, meaning a complete Bitcoin cycle contains of roughly 208 weeks. In those 208 Bitcoin goes up and down, creating smaller daily cycles. Bitcoins daily cycle consists of approximately 65 days. In the bull market, which I believe we are, The tops of those daily cycles are found past the...
Bitcoin has been in reversal since DEC 17 and now look at weekly chart THE RSI LOOKS OVERSOLD (lowest since 2015) the chart looks bullish too in the long-term. Accumulate when Thor hits his hammer
Last 6 Months Bitcoin is growing, but in the last month even price is going up the volume in decreasing, this is not good sign. Lets think if we driving a car with low fuel, soon or later it will stop if you don't refuel it Be carful and do your own researches!